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Full-Text Articles in Philosophy
Keeping The Global Recession In Perspective, Karl Widerquist
Keeping The Global Recession In Perspective, Karl Widerquist
Karl Widerquist
The global recession has been spreading and deepening for nearly a year. It could become the worst downturn since the Great Depression of the 1930s, and it has captured nearly all of the attention we, our media, and our leaders pay to economic issues. Perhaps we’re paying too much attention to it. I want to convince you in this editorial that a recession—even a major depression—is not an economic problem of the first magnitude. Our most pressing economic problems are distribution, and they exist whether we are in recession or not. Recessions appear to be a major problem primarily because …
The Economic Lesson Of 1938, Karl Widerquist
The Economic Lesson Of 1938, Karl Widerquist
Karl Widerquist
Economic events of 1938 are relevant to our handling of the global recession today.